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Casey, Inc. has 10,000 shares of $10 par value common stock outstanding.Prepare journal entries to record the following: (a) Casey purchased 1,000 shares of treasury
Casey, Inc. has 10,000 shares of $10 par value common stock outstanding.Prepare journal entries to record the following:
(a) | Casey purchased 1,000 shares of treasury stock at $11. |
(b) | Casey sold 500 shares of treasury stock at $15. |
(c) | Casey purchased equipment for $75,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the equipment. |
(d) | Casey sold 500 shares of treasury stock at $11. |
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